Posted 2 years ago on Feb. 19, 2013, 11:13 a.m. EST by TrevorMnemonic
(5827)
This content is user submitted and not an official statement

Do you think paying more money this year for the same exact thing you got last year is acceptable? What if it kept getting more expensive every year? Should you just accept this as "that's just the way things are" ??

Inflation has been going on for years while wages have been stagnant, and labor has gotten cheaper for many goods due to outsourcing and machinery. Cost of labor is not why we have the levels of inflation that we have.

The majority and most recent levels of inflation have been caused by

Commodities futures trading

The Fed's policies devaluing the dollar by creating it from nothing and backing it on a theory. Inflation is caused when you create new money without new wealth.

We buy oil in US dollars from Foreign countries. The Fed's policies from Greenspan to Bernanke, creating trillions from nothing and giving it to banks decreases our dollar against foreign currencies. This causes our oil bill to go up, which then increases the prices on everything that utilizes oil.

Monopolies

Greed

Would you consider roads, railways, water systems, and housing to be real wealth? I do. Most people would too. Our monetary policy should reflect that. We need to create new wealth when we introduce new money.

We need a National Economic Employment Defense Act! One that uses monetary policy to build our cities, create jobs, and increase the wealth in our country! Giving trillions to banks isn't working out. They've used it to manipulate, defraud, and corrupt.

A debt-based monetary system, where money comes into existence primarily through private bank lending, can neither create, nor sustain, a stable economic environment, but has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse of the financial system in 2008. They create money from nothing and give it to banks. Not to the people, but just to the banks so they can gamble and exploit through commodities futures trading.

Well if you can't equate "inflation" to rising oil prices then I am not sure you understand just how much of an effect "oil prices" has on our economy.

So Obama doesn't want to drill here in the USA, he doesn't want to build more oil refinereis, OWS is against oil altogethe and the EPA is putting more restrains on coal fired plants resulting in them perminently shutting down.

Now according to Obama we don't have an unemployment problem and the government doesn't have a spending problem.

He promised everyone employment and he believes he has delivered - just listen to him say so.

He doesn't think we need the Keystone pipeline so the only thing I have to say is this.

For those of you who voted for him - deal with it - you believed in what he "promised" and apparently according to him "he delivered".

And do you know why oil prices are rising? because I mentioned that in my post. I could have added in fraudulent speculators too.

Keystone pipeline is for export, not for America. Also it will increase costs in the midwest because it will route away from midwest refineries. Transcanada has even said in documents to the canadian government that the pipeline will be used to increase American energy costs by up to 4 billion per year.

Also Obama approved the southern section and will approve the northern section this summer. you have no idea what you're talking about.

You operate on assumption about me, and your arrogance is annoying. I award you no points.

You didn't read what I posted - I stated that drilling for oil and "more oil refineries" where the oil can be processed would greatly bring prices down that "commerece" has to pay.

Have you ever noticed in countries that supply oil to other countries their gasoline prices are less then $1.00 - think maybe that's because they refine their own oil to provide it to the people who live in their country.

At present we have refinreirs that will only refine certain types of oil and they are on either the west coast, east coast or along the gulf coast. Do you have any idea as to what it costs to move oil from one part of the country to the other part to be refined?

We do not have multiple refinereis in one area that has the capability to do whatever refining is necessary. So as a result it is being exported - what do you expect.

Sent out as crude oil and imported as gasoline - why is that?

Besides if we start refining our own oil the global price of oil will drop dramatically because of "lack of consmuer demand" and lack of fluctuation because of wars in the middle east.

You still didn't answer what I posted - tell me why oil can't be processed here in the United States with more refineries - don't you agree that that would bring prices down. Just answer yes or no but if you say no please explain.

So just who is basing the cost of a barrel of oil on the gold market? He didn't explain that.

Secondly he made the comment about US producing and keeping oil in this country wouldn't change anything. He never made mention about building more oil refinereis.

Gasoline in some midwest states today are under $3.00 a gallon - why is that - it's because they oil refineries in the area.

So if the government allowed drilling on federal lands, they could in fact regulate oil production along with oil prices here in the USA - only allowing a certain amount in profit for those who drill -

And, if more oil refineries were built and refined this oil drilled in this country the government could regulate and price fix what profit these refineries would make, and we would have all the gasoline we need.

We just need more "government control" and more "government price fixing" to solve the problem.

They use gold because it is a currency that can't be manipulated....fiat currencies can be manipulated (the dollar)...so we want to use a currency where it's impossible for it to be manipulated to determine where the price of oil is at these days.

If you use dollars to price oil it's anyone's guess where it's at with its historical value because the dollar has been tampered with so much.

No, oil prices won't come down for two reasons: Production agreements between oil producers to restrict the amount of oil pumped; and commodity speculation. Production agreements set the base price and speculation on minor production, transport and refining snafus provides the illusion of market pricing and (much) additional profit.